Which of the following represents the combined sum of direct materials and direct labor?
A) conversion costs
B) period costs
C) prime costs
D) fixed costs
C
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If the employer and the union cannot agree on the basis on which employees should be in the bargaining unit, then
A. the affected employees vote to determine the unit. B. the unit is determined by the parties using job classifications as the standard. C. the National Labor Relations Board (NLRB) will determine the "appropriate unit." D. the union is given additional time to organize other employees.
Employers can require or cause employees, but not job applicants, to take lie-detector tests.
Answer the following statement true (T) or false (F)
A product idea may be in a different life-cycle stage in different markets.
Answer the following statement true (T) or false (F)
Rubicon Inc., an American guitar manufacturing company, signed a contract with a supplier in Umreia, an Asian country, to manufacture guitars. Rubicon then imported these products and sold them in its markets under its own brand name. Rubicon did this because of the availability of cheap labor in Umreia that substantially cut down Rubicon's cost of production. In this scenario, Rubicon is most likely involved in _____.
A. foreign direct investment B. foreign franchising C. foreign outsourcing D. foreign licensing